Midwest Manufacturing Output Rises in February
The Chicago Fed Midwest Manufacturing Index (CFMMI) rose 1.0% in February, to a seasonally adjusted level of 115.6 (1997=100). Revised data show the index was unchanged in January, at 114.4. The Federal Reserve Board’s industrial production index for manufacturing (IPMFG) was up 1.0% in February. Regional output in February was 4.6% higher than a year earlier, a larger increase than the 3.4% experienced by the nation.